Tuesday, November 20, 2007

Goldman's alpha fund down 37%

This fund used to be $10 billion, and now it's being whittled down from redemptions and losses to about $4 billion. With 6.5 leverage, over $37 billion has been taken out of the market with the shrinkage of this fund.

Goldman didn't have a fly on their earnings when they reported, but their largest fund is down 37%.

Interesting, isn't it?

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